Naira appreciates against dollar

Hehehe......The Naira on Thursday exchanged at N364 and N3464 at the parallel market.
The Naira has not dropped below N365 in the last one week.

Naira also exchanged at N468 against Pound Sterling and N415 against Euro at the parallel market.
The Central Bank of Nigeria (CBN) intervened towards the end of daily transactions on Monday.
The apex bank injected 142.5 million dollars into the inter-bank foreign exchange, days after intervening in the retail segment of the market with 254.3 million dollars.

A breakdown indicates that the Bank offered 100 million dollars to dealers in the wholesale segment, while it allocated 23 million dollars to the Small and Medium Enterprises (SMEs) segment.
Also, for those requiring foreign exchange for invisibles such as tuition fees, medical payments, business and personal travel allowances received 19.5 million dollars.